Solved

Inherent Risk

Question 46

Multiple Choice

Inherent risk


A) exists because all control structures are flawed in some ways.
B) is the likelihood that material misstatements exist in the financial statements of the firm.
C) is associated with the unique characteristics of the business or industry of the client.
D) is the likelihood that the auditor will not find material misstatements.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents